| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $352M | $303M | $300M | 16.2% | 17.1% |
| Op. Income | $4M | $7M | $13M | -43.9% | -70.4% |
| Gross Margin | 21.0% | 24.3% | 25.7% | -3.3pp | -4.7pp |
| Net Margin | 0.8% | 1.5% | 2.6% | -0.7pp | -1.8pp |
| EPS (Diluted) | $0.02 | $0.03 | $0.05 | -33.3% | -60.0% |
| Free Cash Flow | -$32M | -$52M | -$15M | 37.8% | -109.1% |
| Item | Amount |
|---|---|
| REVENUE | $352M |
| Cost of Revenue | $278M |
| GROSS PROFIT | $74M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $348M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $900.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $15M |
| EBIT | $4M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $352M |
| Cost of Revenue | $278M |
| GROSS PROFIT | $74M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $348M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $900.0K |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $15M |
| EBIT | $4M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $100.0K |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $551M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | $520M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $784M |
| Short-Term Investments | $0 |
| Net Receivables | $399M |
| Inventory | $178M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $352M |
| Goodwill | $599M |
| Intangible Assets | $58M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $98M |
| Short-Term Debt | $0 |
| Deferred Revenue | $77M |
| Other Current Liabilities | $85M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $303M |
| TOTAL LIABILITIES | $626M |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$657M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $279M |
| Net Debt | -$504M |
